Not just that — the real answer is to ALWAYS charge a risk premium commensurate with the credit rating of the borrower. Basic finance principals were ignored by Clinton and cronies for the sake of “fairness.”
NOT true. If someone presents with stellar credit and proper collateral, and the lender is satisfied with it, there is no reason to have government force them to require a major down payment on any sort of loan. The contract between borrower and lender should not be regulated to such a degree.
Of course with all the socialist, unconstitutional mess going through, my vision of what I think should be common sense is looking more and more like a pipe dream.. but it’s still the truth.